Reliance Global Group, Inc.
Under the Symbol:
Reliance Global Group, Inc. Accounces Engagement of Independent Auditor
Thursday, December 6, 2018 9:15 AM
NEW YORK, NY / ACCESSWIRE / December 6, 2018 / Reliance Global Group, Inc. (OTC PINK: RELI) ("RELI" or the "Company") is pleased to announce that it has retained Friedman LLP ("Friedman"), a PCAOB-registered CPA firm, to serve as the Company's independent auditors, effective immediately. The decision to engage Friedman was based on the Company's preference for a leading accounting and advisory firm. Additionally, Friedman has extensive experience working with a wide range of SEC-reporting public companies.
Friedman LLP, headquartered in Manhattan with locations throughout New Jersey, Long Island, Philadelphia and Beijing, has been serving the accounting, tax and business consulting needs of public and private companies since 1924. Friedman has been consistently ranked among the top 50 firms nationally. Friedman's clients benefit from hands-on contact with the firm's partners and their cutting-edge technical expertise. Friedman LLP is an independent member firm of DFK International, an association providing global resources.
RELI's Chairman and CEO, Ezra Beyman, stated, "We are pleased to have engaged a nationally recognized firm such as Friedman to serve as our independent auditor. This is an important part of our overall strategy as we continue to identify attractive target businesses in the real estate and insurance agency sectors, our areas of core competency. We will work diligently with Friedman to complete the SEC-compliant audits of these businesses. Working with Friedman is an important part of our previously stated plan for RELI to become an SEC-reporting issuer again and provide timely and accurate disclosure to our stockholders."
About Reliance Global Group
Reliance Global Group, Inc. (OTC PINK: RELI) now is moving forward with its goal to operate as a holding company for several companies invested in the real estate, insurance brokerage and potentially other sectors. RELI's focus will be to grow the Company by pursuing an aggressive growth strategy of acquisition opportunities, including both real estate and insurance agencies. Insurance agencies, as opposed to insurance carriers, bear no insurance risk. The Company is controlled by Reliance Global Holdings, LLC, a New York-based limited liability company, which is the owner and operator of numerous companies with core interests invested in real estate and insurance brokerage.
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission and elsewhere. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Ezra Beyman, Chairman and CEO
Investor Relations Contact:
KCSA Strategic Communications
SOURCE: Reliance Global Group, Inc.